Jamie Dimon, CEO of America's largest bank, JPMorgan Chase, once again shared his views on cryptocurrencies, emphasizing the inevitability of digital currencies while maintaining his critical stance on Bitcoin.
Speaking during an interview, Dimon expressed his belief that some form of digital currency will emerge in the future. “At some point we will have some form of digital currency. I am not against cryptocurrencies,” he said.
Dimon’s comments on Bitcoin, however, were less positive. He reiterated his skepticism, saying: “Bitcoin has no intrinsic value. It’s predominantly used by human traffickers, money launderers, and ransomware.” Despite his criticisms, he acknowledged the right of individuals to buy and sell the cryptocurrency, saying: “I support you wanting to buy or sell Bitcoin. But that doesn’t mean I support BTC.”
This latest comment follows Dimon’s history of being vocal critics of Bitcoin, in the past he has likened it to a “pet rock” and dismissed it as a speculative asset devoid of inherent value.
The concept of pet stones is an expression that comes from an entrepreneur in the USA who once sold some stones to people, claiming that they were special.
*This is not investment advice.
